Inflation fell in July to the lowest level in more than three years, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.
FOX 29 Philadelphia's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Names this update
Inflation rises 2.9% in July, less than expected
Headline from FOX 29 Philadelphia ·
Newest
July inflation drops below 3% as Fed considers September rate cut
If the Federal Reserve needs any further evidence that the worst price spike in four decades is steadily easing, it’s likely to come Wednesday, when the government is expected to report that inflation cooled further last month.
Inflation fell in July to the lowest level in more than three years, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans.
Inflation fell to its lowest level in more than three years in July. Consumer prices were up 2.9% from July 2023, clearing the way for the Federal Reserve to start cutting interest rates in September.
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the
Wednesday's report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years.
Prices rose in July at a rate that looked a lot more like the modest inflation of the pre-pandemic era, and less like the price hikes consumers have experienced in the past few years.
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading.
The Labor Department report showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years.
US inflation cools to its lowest level since March 2021, driven by easing shelter, energy, and gasoline prices, increasing the likelihood of a Fed rate cut in September.
Two inflation reports showing annual price growth slowing have made it likely that the Fed will finally cut interest rates at its next meeting in September.
Inflation dipped below 3% for the first time in three years, and that, combined with other economic indicators, may push the Fed to slash interest rates more than once.
Showing the first 25 of 26 headlines. ·
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
Inflation rises 2.9% in July, less than expected | Since Then
